Two classes of a Bear Stearns asset-backed securities issue have been downgraded by Fitch Ratings.Class M-2 of series 2001-A was downgraded from BBB to BB, and class B was downgraded from BB to CCC. In addition, Fitch affirmed the ratings on five other classes in the deal. The downgrades reflect the depletion of overcollateralization and a reduction in the amount of excess spread due to poor loan performance, the rating agency said. The trust is collateralized by high loan-to-value subordinate lien loans originated and serviced by Conseco Finance Corp. Fitch can be found online at http://www.fitchratings.com.
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